NCDEX soybean down on profit booking post 2-month high.

Soybean futures contracts fell nearly 2% on the NCDEX as investors booked profits after prices hit a two-month high. The June contract traded 1.8% lower. Prices had earlier risen due to low stocks with crushers, which kept buying positive in physical markets. High export demand for soymeal also contributed to the rise in prices. Soybean prices fell also due to rising arrivals in physical markets. In Madhya Pradesh, around 65,000 bags (1bag=100kg) of soybean arrived.